EURNOK Strong buy opportunity.

٩ يوليوThe EURNOK pair has made contact today with the 1D MA50 (blue trend-line) as a Resistance for the first time since May 16. This is the start of the new Bullish Leg of the 1-year Triangle pattern.

All bottoms (green arcs) have been formed when the 1D RSI broke below the 30.00 oversold barrier, so this is technically a medium-term buy opportunity.

The previous Lower High was priced on the 0.85 Fibonacci retracement level and the one before on the 0.95. As a result, our medium-term Target is 11.7500 (just below the 0.85 Fib).

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